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NEW YORK CITY-Sherwood Equities, a real estate firm based in New York, has purchased a hindered development site located close to the High Line for $7.3 million. Shalom Azani was the owner of the four-floor building situated at 508 W. 20th Street. Zohar Properties Inc. represented Shalom Azani in the transaction.

Shalom Azani had plans to revamp the building into a gallery and for other commercial purposes. A gallery or restaurant may possibly replace the building.For the full story, go to Wall Street Journal.


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